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Removing the status of building; is shielding bats! (15)

Ross

I believe the answer is:

disestablishing

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'removing the status' is the definition.
I can't tell whether this definition defines the answer.

'building is shielding bats' is the wordplay.
'building' indicates an anagram.
'is'+'shielding'+'bats'='isshieldingbats'
'isshieldingbats' is an anagram of 'DISESTABLISHING'.

'of' is the link.

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I've seen this clue in the Sydney Morning Herald.
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